Granite Construction Incorporated (GVA)
Debt-to-assets ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | US$ in thousands | 3,025,660 | 3,130,920 | 2,881,370 | 2,595,040 | 2,813,540 | 2,580,320 | 2,376,580 | 2,077,390 | 2,167,930 | 2,407,960 | 2,291,330 | 2,282,140 | 2,494,930 | 2,561,760 | 2,478,900 | 2,373,680 | 2,380,000 | 2,488,270 | 2,508,650 | 2,384,380 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $3,025,660K
= 0.00
The debt-to-assets ratio of Granite Construction Incorporated has remained consistently at 0.00 over the period from March 31, 2020, to December 31, 2024. This indicates that the company has not incurred any debt relative to its total assets during this time frame. A debt-to-assets ratio of 0.00 signifies that the company's assets are fully financed by its equity capital rather than debt. It suggests that the company has a strong financial position and is not reliant on borrowing to support its operations or expansion. This stability in the debt-to-assets ratio reflects a conservative financial approach and may indicate a lower level of financial risk for the company.
Peer comparison
Dec 31, 2024